First Foundation Advisors Sells 18,441 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

First Foundation Advisors lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,437 shares of the transportation company’s stock after selling 18,441 shares during the quarter. First Foundation Advisors’ holdings in Canadian Pacific Kansas City were worth $12,696,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CP. Scotia Capital Inc. grew its stake in Canadian Pacific Kansas City by 12.5% in the 4th quarter. Scotia Capital Inc. now owns 3,482,058 shares of the transportation company’s stock worth $251,885,000 after acquiring an additional 386,430 shares in the last quarter. CenterBook Partners LP lifted its holdings in shares of Canadian Pacific Kansas City by 22.5% in the 4th quarter. CenterBook Partners LP now owns 14,163 shares of the transportation company’s stock worth $1,025,000 after buying an additional 2,601 shares during the period. APG Asset Management N.V. grew its position in shares of Canadian Pacific Kansas City by 459.6% during the 4th quarter. APG Asset Management N.V. now owns 506,700 shares of the transportation company’s stock worth $35,412,000 after buying an additional 416,155 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Canadian Pacific Kansas City by 2.2% during the fourth quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company’s stock valued at $521,000 after buying an additional 152 shares during the period. Finally, Straightline Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $297,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $71.33 on Thursday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $88.66. The company’s 50-day simple moving average is $74.76 and its 200 day simple moving average is $76.44. The stock has a market cap of $66.60 billion, a P/E ratio of 24.60, a PEG ratio of 2.00 and a beta of 1.01. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Analysts Set New Price Targets

Several research firms have recently commented on CP. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Citigroup lowered their price objective on Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday. Stephens lifted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Stifel Nicolaus lowered their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.55.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.